Date Announced: 30 Sep 2010
Key chareholder and interim CEO Federic Pignatelli takes on the role permanently, while drawing an annual salary of just $1.
IRVINE, CA (September 30, 2010) - BIOLASE Technology, Inc. (NASDAQ:BLTI), the world's leading dental laser company, is pleased to announce that its Board of Directors has appointed Federico Pignatelli the permanent Chief Executive Officer of BIOLASE. Previously, Pignatelli was the interim Chief Executive Officer of BIOLASE. Pignatelli has agreed to continue at an annual salary compensation of $1.00 as Chief Executive Officer.
Pignatelli is the Chairman of the Board of BIOLASE, and has served, over the past 16 years, in the capacities of Executive Chairman, Interim CEO, and President.
Pignatelli stated, "I am pleased to accept the position as the Chief Executive Officer of BIOLASE. I thank the Board of Directors for its confidence in my leadership. I am looking forward to building significant value for our revolutionary and patented Waterlase® YSGG technology and our cutting edge diode products. I am firmly dedicated to substantially furthering BIOLASE's innovative technology in the dental field and in medicine."
The Company also announced that it commenced an official search for a Chief Financial Officer / Chief Operating Officer position. The Board of Directors expects to make an appointment to this role following a thorough and robust executive search process.
E-mail: jill@allencaron.com
Web Site: www.biolase.com
© 2024 SPIE Europe |
|